Define Products Liability

question 88

Essay

Define products liability.Explain why firms face higher liability costs in the United States.

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Definitions:

Muscular Dystrophy

A group of genetic disorders characterized by progressive weakness and degeneration of the skeletal muscles that control movement.

Late-Onset Diabetes

A common term for type 2 diabetes, which is characterized by the body's ineffective use of insulin and typically develops in adulthood.

Genetic-Programming Theories

Theories that explain biological aging as resulting from a genetically determined developmental timetable.

Immunological Theory

A theory proposing that the immune system plays a significant role in the aging process by becoming less efficient over time.